$NEEB: Read between the Lines... 1st paragraph
If you don't understand what it means, go ask someone what Note Redemption means.
You don't get something for nothing.
There is no Free lunch.
They are giving up Notes for Common Share conversion in order to
restructuring debt financing.
Its all about how you read it. They are not going to explicitly
tell you that this is a DILUTIVE deal to shareholders..... thats
for you to read and figure out.
GOOD LUCK.
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Nebraska Book Holdings, Inc. (NBC) announced today, July 31, 2018, that it has successfully completed the restructuring of its balance sheet eliminating the substantial majority of its legacy long-term debt. Going forward the company will have a capital structure that will enable growth and profitability. This was accomplished by NBC's major debt holders converting their remaining debt to equity and through a new Asset Based Loan (ABL) facility from Callidus Capital Corporation (Callidus). On or before October 1, 2018, NBC intends to redeem all remaining notes, fully eliminating its legacy long-term debt.
